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HomePosts Tagged "Rallis India Ltd"
Agribusiness, Agro chems – Chemicals, Company News, Finance, India, Seeds

Company registered Rs 148 Crores Profit After Tax in FY24 is compared to Rs 92 Crores for FY 23.

Rallis India Limited, a TATA Enterprise and a leading player in the Indian agri inputs industry announced its financial results for the fourth quarter of the financial year ending March 2024.

Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “FY24 PAT is Rs 148 Crores compared to Rs 92 Crores for FY 23. Company reported FY 24 revenue at Rs 2648 Crores, lower by 11 per cent over the previous year in the backdrop of continuing challenges in the exports demand and low agro-chemical prices. Positive low single digit volume growth in our Domestic Formulation business. Seeds revenue grew 21 per cent and delivered break-even profit. This was driven by the superior performance of our Cotton hybrids viz. Diggaz and Aatish Express. Our Innovation turnover index has also improved to 16 per cent in FY24.

Exports business declined by 35 per cent and the market continues to be under pressure due to Geo-political unrest and continuing de-stocking.

On a long-term basis, we remain focused on improving our market position through superior product offerings to solve farmer needs. We will continue our investment behind marketing, manufacturing, and digitization capabilities to build differentiation.”

Key Developments

Company has begun the work on new “Rallis Science and Technology Centre (RSTC)” to augment innovation capabilities

Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop nutrition portfolio in Q4FY24

Rallis was conferred with Significant adoption award for best in class by Tata Affirmative Action Programme (TAAP)

Rallis has been honoured with the Award of Merit at 1st edition of the CII National Awards for Artificial Intelligence (AI) 2023 for its AI based crop weather monitoring platform ‘Drishti’

Rallis is recognized as “Kincentric Best Employer” 2023 as one of India`s top 16 companies.

Company registered Rs 148 Crores Profit After

Agribusiness, Company News, India, Inputs, People

Dr Gyanendra Shukla, an experienced agri professional in the Crop Protection and Seed Sector, possesses more than 34 years of leadership experience across India, Asia-Pacific, and Africa.

The Board of Directors of Rallis India Ltd, a leading agri-inputs company, has appointed Dr Gyanendra Shukla as Managing Director & Chief Executive Officer of the company for a period of five years with effect from April 1, 2024. He will take over from Sanjiv Lal on completion of his term on March 31, 2024.

Dr Gyanendra Shukla, an experienced agri professional in the Crop Protection and Seed Sector, possesses more than 34 years of leadership experience across India, Asia-Pacific, and Africa. Over the course of his career, he has held numerous senior positions in Commercial, Sales, Corporate Affairs, Technology Development, and Regulatory Affairs. Notably, he served in various global leadership roles at Monsanto for over two decades.

Rallis will continue its transformational journey of serving farmers through science. Rallis will pursue expansion and scale-up of its product portfolio by strengthening its existing customer partnerships and building new ones with global agrochemical companies to advance the cause of sustainable agriculture.

Dr Gyanendra Shukla, an experienced agri professional

Agribusiness, Agro chems – Chemicals, Company News, India

With these new product wins, Rallis has broadened its CSM customer base especially among Japanese innovator agrochemical companies.

Rallis India Ltd, a leading agri-inputs company, grew its Custom Synthesis & Manufacturing (CSM) portfolio through commercialization of 3 new products in FY24. These new products span across the agrochemical value chain and include one each of Intermediates, Active Ingredients (AI) and Formulations. Two of these three products are being manufactured at Rallis India’s new manufacturing plants at Dahej. With these new product wins, Rallis has broadened its CSM customer base especially among Japanese innovator agrochemical companies.

Commenting on this development, Sanjiv Lal, MD & CEO of Rallis India Limited said, “This expansion of our CSM portfolio reflects our strategic commitment to more chemistry-led manufacturing underlying our recent investments at Dahej. These new product successes and customer acquisitions further affirm the enduring trust that Rallis India holds from a growing number of Japanese and other global agrochemical companies”.

S.Nagarajan, Chief Operating Officer of Rallis India Limited, added, “The commercialisation of these new products demonstrates our enhanced process development, scale-up and manufacturing capabilities to handle complex chemistries and next-gen sustainable formulations. It is also a testament to our ability to work closely and transparently with the customers to deliver high quality products at the right price while upholding our stringent EHS standards”.

Rallis remains committed to further expansion and scale-up of its product portfolio by strengthening its existing customer partnerships and building new ones with global agrochemical companies to advance the cause of sustainable agriculture.

With these new product wins, Rallis has